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Updated almost 10 years ago,
Cash purchase to immediate (or close to) financing 50k-100K
Does anyone work with a private lender or bank for that matter, that will allow you to finance a property purchased with cash within 90 days or less of settlement? In the market we are purchasing there are a fair amount of properties available for between 50 and 100k that cash deals are just easier to get the property under contract. The credit union we work with requires a 12 month wait before they would finance us. We don't want to tie our money up for 12 months and are looking for a lender who will refinance us quickly at 75-80% of the purchase price.
Any recommendations?